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Segment Reporting | 12 Months Ended
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Dec. 31, 2018
Segment Reporting [Abstract] |
Segment Reporting | 14. Segment Reporting Operating segments are defined as components of an enterprise that are evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has three reportable segments, Control Devices, Electronics and PST, which also represent its operating segments. The Control Devices reportable segment produces sensors, switches, valves and actuators. The Electronics reportable segment produces electronic instrument clusters, electronic control units, driver information systems and camera-based vision systems, monitors and related products. The PST reportable segment designs and manufactures electronic vehicle security alarms, convenience accessories, vehicle tracking devices and monitoring services and in-vehicle audio and video devices. The accounting policies of the Company’s reportable segments are the same as those described in Note 2. The Company’s management evaluates the performance of its reportable segments based primarily on revenues from external customers, capital expenditures and operating income. Inter-segment sales are accounted for on terms similar to those to third parties and are eliminated upon consolidation. The financial information presented below is for our three reportable operating segments and includes adjustments for unallocated corporate costs and intercompany eliminations, where applicable. Such costs and eliminations do not meet the requirements for being classified as an operating segment. Corporate costs include various support functions, such as corporate accounting/finance, executive administration, human resources, information technology and legal. A summary of financial information by reportable segment is as follows:
Year ended December 31 |  | 2018 |  | 2017 |  | 2016
Net Sales: |  |  |  |  |  |  |  |  |
Control Devices |  | $ | 441,297 |  | $ | 447,528 |  | $ | 408,132
Inter-segment sales |  |  | 8,348 |  |  | 5,044 |  |  | 1,826
Control Devices net sales |  |  | 449,645 |  |  | 452,572 |  |  | 409,958
Electronics (D) |  |  | 344,727 |  |  | 282,383 |  |  | 205,256
Inter-segment sales |  |  | 37,126 |  |  | 39,501 |  |  | 33,361
Electronics net sales |  |  | 381,853 |  |  | 321,884 |  |  | 238,617
PST |  |  | 80,175 |  |  | 94,533 |  |  | 82,589
Inter-segment sales |  |  | 2 |  |  | 563 |  |  | -
PST net sales |  |  | 80,177 |  |  | 95,096 |  |  | 82,589
Eliminations |  |  | (45,476) |  |  | (45,108) |  |  | (35,187)
Total net sales |  | $ | 866,199 |  | $ | 824,444 |  | $ | 695,977
Operating Income (Loss): |  |  |  |  |  |  |  |  |
Control Devices |  | $ | 64,191 |  | $ | 72,555 |  | $ | 61,815
Electronics (D) |  |  | 28,236 |  |  | 18,119 |  |  | 14,798
PST |  |  | 4,989 |  |  | 2,661 |  |  | (3,462)
Unallocated Corporate (A) |  |  | (30,412) |  |  | (35,965) |  |  | (29,069)
Total operating income |  | $ | 67,004 |  | $ | 57,370 |  | $ | 44,082
Depreciation and Amortization: |  |  |  |  |  |  |  |  |
Control Devices |  | $ | 11,914 |  | $ | 10,887 |  | $ | 10,276
Electronics (D) |  |  | 8,982 |  |  | 8,143 |  |  | 3,971
PST |  |  | 7,443 |  |  | 8,316 |  |  | 8,559
Unallocated Corporate |  |  | 852 |  |  | 584 |  |  | 452
Total depreciation and amortization (B) |  | $ | 29,191 |  | $ | 27,930 |  | $ | 23,258
Interest Expense, net: |  |  |  |  |  |  |  |  |
Control Devices |  | $ | 76 |  | $ | 103 |  | $ | 226
Electronics |  |  | 85 |  |  | 119 |  |  | 142
PST |  |  | 824 |  |  | 1,812 |  |  | 3,396
Unallocated Corporate |  |  | 3,735 |  |  | 3,749 |  |  | 2,513
Total interest expense, net |  | $ | 4,720 |  | $ | 5,783 |  | $ | 6,277
Capital Expenditures: |  |  |  |  |  |  |  |  |
Control Devices |  | $ | 16,737 |  | $ | 17,484 |  | $ | 13,261
Electronics (D) |  |  | 5,965 |  |  | 8,158 |  |  | 5,665
PST |  |  | 3,242 |  |  | 3,831 |  |  | 3,213
Unallocated Corporate(C) |  |  | 3,083 |  |  | 2,697 |  |  | 2,337
Total capital expenditures |  | $ | 29,027 |  | $ | 32,170 |  | $ | 24,476
|  | December 31, |  | December 31,
|  | 2018 |  | 2017
Total Assets: |  |  |  |  |  |
Control Devices |  | $ | 175,708 |  | $ | 164,632
Electronics (D) |  |  | 265,838 |  |  | 252,324
PST |  |  | 81,002 |  |  | 100,382
Corporate (C) |  |  | 359,837 |  |  | 377,657
Eliminations |  |  | (322,866) |  |  | (335,958)
Total assets |  | $ | 559,519 |  | $ | 559,037
The following table presents net sales and long-term assets for the geographic areas in which the Company operates:
Year ended December 31 |  | 2018 |  | 2017 |  | 2016
Net Sales: |  |  |  |  |  |  |  |  |
North America |  | $ | 480,511 |  | $ | 471,770 |  | $ | 428,046
South America |  |  | 80,175 |  |  | 94,533 |  |  | 82,589
Europe and Other (D) |  |  | 305,513 |  |  | 258,141 |  |  | 185,342
Total net sales |  | $ | 866,199 |  | $ | 824,444 |  | $ | 695,977
|  | December 31, |  | December 31,
|  | 2018 |  | 2017
Long-term Assets: |  |  |  |  |  |
North America |  | $ | 86,763 |  | $ | 89,997
South America |  |  | 45,408 |  |  | 58,989
Europe and Other (D) |  |  | 107,171 |  |  | 106,682
Total long-term assets |  | $ | 239,342 |  | $ | 255,668
| (A) |  | Unallocated Corporate expenses include, among other items, accounting/finance, human resources, information technology and legal costs as well as share-based compensation.
| (B) |  | These amounts represent depreciation and amortization on property, plant and equipment and certain intangible assets.
| (C) |  | Assets located at Corporate consist primarily of cash, intercompany loan receivables, fixed assets for the headquarter building, information technology assets, equity investments and investments in subsidiaries.
| (D) |  | The amounts for 2018 and 2017 include the Orlaco business which was acquired on January 31, 2017 as disclosed in Note 2.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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